November 24, 2024 10:47 pmHalima Aliko-Dangote, group executive director of Dangote Industries Limited , says family-owned businesses contribute significantly to the global economy in ways that are often overlooked.
Aliko-Dangote said success in family-owned businesses starts with shared values, goals, governance policies and alignment, adding that reputation is a component of “family capital”.
Highlighting the contribution of FOBs to the global economy, Halima said studies by Mckinsey showed that they account for more than 70 percent of global gross domestic product , generate annual turnovers of between $60 trillion and $70 trillion, and provide around 60 percent of global employment.
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